ATHENS |
ATHENS (Reuters) – Greek parties will try again on Wednesday to agree a reform deal in return for a new international rescue to avoid a chaotic default, after delays prompted some EU leaders to warn that the euro zone can live without Athens.
One deadline after another has come and gone. Leaders of the three parties in the coalition of Prime Minister Lucas Papademos postponed on Tuesday what had been billed as a crunch meeting because of missing paperwork, according to one official.
Papademos – a technocrat parachuted in last November to secure the new 130 billion euro ($172 billion) rescue from the IMF and European Union – is trying to persuade the party leaders to accept austerity and reform measures which are likely to prove unpopular with an already angry Greek electorate.
Papademos is expected to meet the leaders at about 12:30 p.m. (5:30 a.m. ET) to discuss the draft deal struck with the IMF and EU, a government source
Read More from the Article Source: Full Article
